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3/4/2014 10:07AM

U.S. to Suspend Trade With Russia

The U.S. said late Monday it will suspend talks with Russia aimed at boosting trade and investment, part of an effort to put pressure on Moscow after its military intervention in Ukraine. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... this suspending talks with Russia and that boosting tried with ... all them ... all the Wall Street gentle joins us now from Washington DC with mole on this ... by William thanks for being map ... that goodness orders to get that a Storme exercise is back again so that our ex ... is I'm going to do anything to change the that the view of the sup peace talks aimed at boosting tried ... Lisa ... and son is too early to say but of course but only last night at the moment it's tradition ... let us know that the calls to trade and investment talks with Russia ... it is pretty low level talks ... in the U S side for Russia they were telling them quite seriously it's the start of something big in a ... but compared to Russia's WTO entry two thousand twelve ... these were small talks to make sure to Russia with its ... into doing things like allowing us the best advice first ... and to make sure that the facts ... of copyright infringement wasn't too big a problem over there in Russia and Ukraine ... into the property rights and above all souls and in Russia on a map of the whole have been a major issue over the years yet when you buy in Russia a historically it's moving quite Shallwani actually get saying ... ah for your money and that you you could you could lose it to the state's ... forecast of people are taking over the back has been a long standing problem has not ... yes of course this was the ... major U S Investment UGC ... consumer goods which are ... sensitive in Russia ... or small investments in oil sector as their desperate state dominates infect other ... companies ... later in the area ... meanwhile Russia's investing in U S Steel ... as well as in real estate ... and other assorted ... financial assets ... send resume there is some investment radar ... or it's only one percent of U S trade ... with Russia the forty five billion year ... imports and fuel oil ... exports ... of things I ... claims heavy machinery ... to Russia's is not in a big difference there ... however the strange jewelry out something interesting today in ... the ... World Trade Organization ... the Russians ... it prevents ... it ... permanent ... normal trade relations between the US and Russia present to us from taking a lot of trees steps against Moscow ... but the same ratio rules would allow Ukraine ... to ... punish Russia for the WTO as ... is the Ukrainian government is the victim of the idea ... of India trade sanctions or traitors traditions come from Moscow